Tax Accounting Coordinator

Company: American Honda Motor Co Inc
Location: Torrance
Posted on: November 17, 2023

Job Description:

Tax Accounting Coordinator
Location: Torrance, CA (hybrid remote)Level: EX 3 - -What Makes a Honda, is Who makes a Honda -Honda has a clear vision for the future, and it's a joyful one. -We are looking for individuals with the skills, courage, persistence, and dreams that will help us reach our future-focused goals. - -At our core is innovation. Honda is constantly innovating and developing solutions to drive our business with record success. -We strive to be a company which serves as a source of "power" that supports people around the world who are trying to do things based on their own initiative and that helps people expand their own potential. To this end, Honda strives to realize "the joy and freedom of mobility" by developing new technologies and an innovative approach to achieve a "zero environmental footprint." -We are looking for qualified individuals with diverse backgrounds, experiences, continuous improvement values, and a strong work ethic to join our team. -If your goals and values align with Honda's, we want you to join our team to Bring the Future! -About this Position: -The Tax Accounting Coordinator requires "Total quality mindset" and effective "corporate social responsibility" as these are two key corporate goals of AHM. -This job contributes to these goals by better enabling the Tax Department to accurately report the impact of income taxes in its financial statements for the benefit of internal and external stakeholders. -This position also better enables AHM to meet its legal and regulatory requirements in order to be a "company that society wants to exist". -
Responsibilities include:

• - -Direct the Customs Brokerage firm's work on Honda's customs clearance activities to ensure timely and compliant transactions. -Measure Customs Brokerage firms against established KPI's and expectations. -Use technical knowledge and understanding of legal requirements to manage data and admissibility elements (including Harmonized Tariff codes, valuation, country of origin, etc.) to ensure a smooth flow of imported merchandise to support production.
• - -Review and/or update tax provisions -on a quarterly and annual basis to ensure compliance with IAS 12/ASC 740, IAS 34/APF 28 and FIN 48; research IAS 12/ASC 740 issues for various financial transactions and communicate recommendations to management and staff as required. -Manage the AHM Income Tax Accounting ("Provision") process. -Prepare and/or review information to HM for presentation in their consolidated financial statements to ensure compliance with IFRS. -Instruct staff on new tax accounting developments and review changes to tax accounting documentation as required. -Primary coordinator with the external auditors the quarterly and annual audits of AHM's separate tax provision and assist the tax manager with the coordination of the consolidated tax provision and related tax footnote disclosures to HM
• - -Review and/or update internal controls and maintain SOX documentation regarding income tax provision processes to ensure compliance w/ SOX Section 404. -Coordinate SOX audit of tax provision by internal and external auditors and respond to all management letter comments relating to the tax provision process, as required. -Recommend changes to internal controls over income tax processes as required
• - -Serve as the AHM tax lead on special projects (i.e. implementing new accounting standards, ERPs, tax software, etc.) This involves coordination with the tax manager, outside consultants, external auditors, and other Honda accounting, financial reporting, and tax associates to determine proper accounting treatments, policies procedures and processes
• - -Collaborate with the tax compliance team to ensure consistency between the tax provision and tax return. -This involves assisting with the preparation of state settlements, answering inquiries from the income tax compliance group, and reviewing estimate calculations
  Who we are seeking: -Required Work Experience:
• - -7+ years work experience in a CPA firm
• - -6 years minimum in Tax and/or tax department of a medium to large size multi-state corporation with progressive experience preparing/reviewing income tax provisions in accordance with IAS 12 and/or ASC 740, including preparing/reviewing tax footnotes for audited financial statements
• - -Experience must include preparing, reviewing and supervising staff in the preparation of federal and multi-state corporate income tax returns
• - -ASC 740 (GAAP) tax provision experience required. IAS 12 (IFRS) tax provision experience a plus
• - -Strong working knowledge of federal and multi-state income tax laws and regulations
• - -Strong working knowledge of income tax accounting under IAS 12 and ASC 740 including FIN 48, and have accounting skills and understanding of IFRS and GAAPRequired Education:
• - -Bachelor's Degree in Accounting or related field
• - -CPA certificate highly desired
• - -Master's Degree in Tax is highly desiredDesired skills:
• - -Proficient in Microsoft Word and Excel and use of electronic tax research
• - -Experience using tax preparation software (OneSource Tax Provision) and accounting systems (SAP) a plus
• - -Excellent interpersonal, communication, writing and project management skills
• - -Ability to explain tax technical issues to various audiences
• - -Detail-oriented and ability to multitask -
• - -Strong leadership and staff development skills
  Additional Position Factors:
• - -Open office environment
• - -Overtime required during quarterly financial statement closing events
• - -Ability to work on highly complex issues during high-pressure, time compressed schedules
• - -Ability to work under stress from potential high financial impact of comparatively small errors and processes deficiencies in the context of highly compressed quarterly deadlines
• - -Ability to work with external auditors in sometimes adversarial situations
• - -Some travel required but not significant
  At Honda, you will play a key role in our journey to become a company that society wants to exist now, and in the future. Your endless curiosity will drive innovation and your courageous spirit will challenge the status quo. -We believe having a workforce made up of diverse thinkers and innovators makes us a better Honda. -Respect for each other and respect for diversity each and every day drives our associates to contribute at the highest level and work effectively in a team environment. -We make the dream of mobility a reality with our innovative and high-quality products. Together, we Bring the Future to our customers, associates, and communities. -We are Honda! -What differentiates Honda and make us an employer of choice? -Total Rewards:
• - -Competitive base salary
• - -Overtime compensation
• - -Annual Bonus
• - -Associate lease car program with a cost
• - -Industry leading Benefit Plans (Medical, Dental, Vision)
• - -Paid time off, including vacation, paid holidays, sick time, personal days
• - -401K Plan with company match + additional contribution
• - -Relocation assistance (if eligible) -Career Growth:
• - -Advancement opportunities
• - -Career mobility -
• - -Education reimbursement for continued learning
• - -Training and Development programs -Additional Offerings:
• - -Wellbeing program
• - -Community service and engagement programs
• - -Product programs
• - -Free drinks onsite -Honda is an equal opportunity employer and considers qualified applicants for employment without regard to race, color, creed, religion, national origin, sex, sexual orientation, gender identity and expression, age, disability, veteran status, or any other protected factor.

Keywords: American Honda Motor Co Inc, Torrance , Tax Accounting Coordinator, Accounting, Auditing , Torrance, California